The State of Real Estate in Chicago
Hosted by Perkins&Will
Over 40 CCAC members came together for "The State of Real Estate in Chicago" April 12, 2022 at the offices of Perkins& Will in the Wrigley Building.
Attendees heard perspectives from experts in several sectors of Chicago real estate, including: major office buildings and leasing, mid-market sales, the hotel market and residential investment and sales.
Farzin Parang, Executive Director, Building Owners and Managers Association of Chicago, gave an intriguing presentation on the numbers for office leases, vacancy rates and trends. Greenstone Partners Director and CCAC Burnham Council Board Member Malek Abulsamad provided an overview of the market for mid-market properties. Chicago Association of REALTORS® President and A.R.E. Partners Designated Managing Broker Antje Gehrken talked about the booming residential market. HVS Chicago Managing Director Stacey Nadolny discussed the challenges and opportunities for the hotel market today.
Thanks to Farzin, Malek, Antje, and Stacey for an enlightening discussion and to the audience for the insightful questions.
Special thanks as well to Gina Berndt, outgoing CCAC Executive Committee Member and Perkins&Will's Global Chief Marketing Officer, for moderating this discussion and hosting the event. We are excited to see Gina's colleague Tom Kasznia at Perkins&Will take up the torch on the CCAC Executive Committee.